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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The cost has to be incurred in the year for which you set aside funds. You do get a few months after the end of the year to submit claims but you still need to match the deduction year to the cost year. I vaguely recall there are some special rules for braces because they recognize that is a case where the upfront cost cover services for a few years but that doesn’t seem relevant anyway[/quote] +1. A decade ago, before IVF was covered, my DH and I were both feds. We contributed the max to both FSAFeds accounts. We did one cycle in Oct/Nov (unsuccessful) and one cycle in Feb/March (successful). We were able to save a bit of money with that strategy.[/quote] While you are right about orthodontia payments, FSA contributions are on the family level and you cannot both contribute the max the same year. [/quote] yes you can... If the employee's spouse has a plan through their employer, the spouse can also contribute up to $3,200 to that plan. In this situation, the couple could jointly contribute up to $6,400 for their household.[/quote] You are right. I was thinking of DCFSA. [/quote]
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